

Actuaries Institute Podcast
Actuaries Institute
This podcast series examines current and emerging issues facing the actuarial profession and challenges to businesses.You can earn two CPD points for each podcast you listen to.DISCLAIMERThe views and opinions expressed in Actuaries Institute Australia podcasts are those of the speakers or authors and do not necessarily reflect the views of their employers or the Actuaries Institute Australia, it’s members, directors, officers, employees or agents.
Episodes
Mentioned books

May 24, 2019 • 15min
The Underwriting on the Wall
TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=d8a41000-795d-40d6-99f7-00eb8f57880cDESCRIPTIONIn this installment of the Actuaries Institute podcast series, Angat Sandhu interviews Peter Tilocca, an executive in the underwriting industry for over 25 years and currently Chief Underwriter at ANZ wealth to discuss the partnership between OnePath and UTS Advanced Analytics Institute, the importance of complex data collection, analysis and how it’s beginning to transform underwriting.Discussion topics include:•The partnership between OnePath with the UTS Advanced Analytics Institute to examine 50 million rows of data•What changes have/have not occurred in the life insurance industry•How has technology helped facilitated change within the insurance industry•The unexpected difficulties of the data collection and data analysis process including filtering out the substance form the noise in data sets, transparency, governance and judgement overlay, particularly in reselection and pricing.•Early results from the collaboration between OnePath and UTS AAi in reducing the number of underwriting questions from 30 – 40 to 13, making the claims process easier for the policy holder.•Changing the thought process of “I want to fix everything” vs. realistic expectations of solving problems with the dataset.•How underwriting may look like in 3-5 years in an Australian context through the power of external data sources, different pricing factors and potentially the open banking environment.Peter Tilocca is the Chief Underwriter at ANZ, responsible for underwriting policy, quality framework, underwriting rules engine tools and transformation/innovation. Prior to joining ANZ, he held a variety of senior roles with The Reinsurance Group of America. He also spent four years working with ING where he was employed as the firm's chief underwriter.Angat is a Partner at Oliver Wyman and leads their Australian Insurance and Wealth Management practice. He is motivated to improve consumer awareness and trust in these sectors. He is an Actuary, and the Chief Editor of Actuaries Digital https://www.actuaries.digitalSHOW NOTESArticle – Reinventing life insurance underwriting by Angat Sandhuhttps://www.actuaries.digital/2017/01/11/7-things-life-insurers-should-be-doing-to-improve-the-underwriting-process/Article – The reinsurance underwriting cycle: a simple supply and demand story by Richard Hartiganhttps://www.actuaries.digital/2018/03/12/the-reinsurance-underwriting-cycle-a-simple-supply-and-demand-story/Keep an eye out for our new Apple/iOS/Android mobile apps dedicated to our Podcast series!ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

May 15, 2019 • 17min
LGBTIQ+ in the Profession (Diversity and Inclusion)
TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=ecb33806-ad71-4397-a782-fbba63c3f877DESCRIPTIONIn this instalment of the Diversity and Inclusion podcast series, Mark Baxter and Stephen Kwa discuss their experiences as gay men in the profession.Discussion topics include:•Societal shifts towards acceptance of same-sex attracted people•Being a minority within a minority•Conservative attitudes in families and the workplace•Straight allies and the importance of stepping up to the plate to encourage diversity•Coming out vs. going back into the closet•Mixed experiences with homophobia in the workplace•Gay parents and modern families•How the Actuaries Institute can foster better diversity and inclusion on LGBT issues•Advice for LGBT actuaries in their career Mark Baxter is Chief Risk Officer (CRO) at MLC Australia. He was previously the Chief Risk Officer at QBE Insurance and is a Fellow of the Institute of Actuaries of Australia.Stephen Kwa is the Head of Product, Fixed Income and Multi-Asset at Schroder Investment Management Australia. He is also a Fellow of the Institute of Actuaries of Australia.SHOW NOTESDiversity and Inclusion Working Grouphttps://actuaries.asn.au/about-us/governance/committees/all-committees/members?ID=ZNjqeCg7c0U%3dLGBT articles on Actuaries Digitalhttps://www.actuaries.digital/?s=LGBTAbout the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

May 10, 2019 • 16min
Mental Spinach | Avoid burnout by living and working sustainably
TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=1fe5c8de-7a06-4e4f-9f3e-5af6b09b6362DESCRIPTIONIn the final instalment of this four-part series, Martin Mulcare (Actuary, Director at the Growth Project and Facilitator of the Professionalism Course at the Actuaries Institute) interviews Ian and Jess Pollard, on their co-authored book Mental Spinach. This episode revolves around "The Sustainability Lens” and how to avoid burnout by living and working sustainability.Discussion topics include:•Managing expectations of all life aspects•Understanding and creating personal sustainability•Sustainability vs. balance•Renegotiating expectations•Recognising warning signs of potential burnout situations•Eliminating unwarranted perfectionism•Effective organisation methods and toolsIan is an actuary, Rhodes Scholar, international tennis player and currently the chairman of RGA Reinsurance Australia. Jess is a career and creativity coach and a professional singer/songwriter. They are father and daughter; a self-described ‘Yin and Yang’ duo, who collaborated on the Mental Spinach pocketbook to “nourish you in love, work and play”. They aim to inspire others to reflect on their values, desires, strengths and opportunities to navigate big decisions and design a rich and sustainable life. Listen, as they bring together different generational perspectives and tell stories that reveal practical takeaways on enriching your life.SHOW NOTESEpisode 1 of Mental Spinach - No more flying blind - the art of self-awarenesshttps://www.spreaker.com/user/10037734/mental-spinach-no-more-flying-blind-the-Episode 2 of Mental Spinach - Make your own luckhttps://www.spreaker.com/user/10037734/mental-spinach-make-your-own-luckEpisode 3 of Mental Spinach – Your Productivity Equationhttps://www.spreaker.com/user/10037734/mental-spinach-your-productivity-equatioMental Spinach Bookhttps://www.mentalspinach.com- For the Pollards, Mental Spinach is not just a book. It's a project. They want their book to have a tangible impact on the lives of its readers. Further, they aim to positively impact the education and lives of children and young adults by donating to charity every dollar you spend on their book or workshops/keynotes.- In 2018, the Pollards raised over $15,000 for education charities.About the Pollardshttps://www.jessandianpollard.com/about-usAbout Martin Mulcarehttp://www.betterbennelong.com.au/about-martin/Audio clips used (With fair use)"It’s My Life"Artist: No DoubtAlbum: The Singles 1992 - 2003© InterscopeAbout the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

May 3, 2019 • 18min
Mental Spinach | Your Productivity Equation
TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=7eaaea3e-7c6b-48b8-8992-1bc898b76d72DESCRIPTIONIn part three of this four-part series, Martin Mulcare (Actuary, Director at the Growth Project and Facilitator of the Professionalism Course at the Actuaries Institute) interviews Ian and Jess Pollard, on their co-authored book Mental Spinach. This episode revolves around "Your Productivity Equation", and how to create the greatest impact in your career, relationships and life.Discussion topics include:•Minimisation of efforts vs. maximal reward•Tapping into exponential growth opportunities and how to identify them•Taking feedback on board constructively•How to conduct a personal time audit•Politely and effectively navigating time negotiation in the workplaceIan is an actuary, Rhodes Scholar, international tennis player and currently the chairman of RGA Reinsurance Australia. Jess is a career and creativity coach and a professional singer/songwriter. They are father and daughter; a self-described ‘Yin and Yang’ duo, who collaborated on the Mental Spinach pocketbook to “nourish you in love, work and play”. They aim to inspire others to reflect on their values, desires, strengths and opportunities to navigate big decisions and design a rich and sustainable life. Listen, as they bring together different generational perspectives and tell stories that reveal practical takeaways on enriching your life.SHOW NOTESEpisode 1 of Mental Spinach - No more flying blind - the art of self-awarenesshttps://www.spreaker.com/user/10037734/mental-spinach-no-more-flying-blind-the-Episode 2 of Mental Spinach - Make your own luckhttps://www.spreaker.com/user/10037734/mental-spinach-make-your-own-luckMental Spinach Bookhttps://www.mentalspinach.com- For the Pollards, Mental Spinach is not just a book. It's a project. They want their book to have a tangible impact on the lives of its readers. Further, they aim to positively impact the education and lives of children and young adults by donating to charity every dollar you spend on their book or workshops/keynotes.- In 2018, the Pollards raised over $15,000 for education charities.About the Pollardshttps://www.jessandianpollard.com/about-usAbout Martin Mulcarehttp://www.betterbennelong.com.au/about-martin/Audio clips used (With fair use)"Work It"Artist: Missy ElliottAlbum: Under Construction© Goldmind© ElektraAbout the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

Apr 12, 2019 • 15min
Mental Spinach | Make your own luck
TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=4fbb268b-f85a-47b8-a680-9b6e2dde85feDESCRIPTIONIn part two of this four-part series, Martin Mulcare (Actuary, Director at the Growth Project and Facilitator of the Professionalism Course at the Actuaries Institute) interviews Ian and Jess Pollard, on their co-authored book Mental Spinach. This episode revolves around "The Opportunity Lens", and how to create your own luck and opportunities.Discussion topics include:• The opportunity pipeline• Increasing flow of opportunities• Tackling difficult conversations• Pursuing the correct opportunities• Navigating opportunity lossIan is an actuary, Rhodes Scholar, international tennis player and currently the chairman of RGA Reinsurance Australia. Jess is a career and creativity coach and a professional singer/songwriter. They are father and daughter; a self-described ‘Yin and Yang’ duo, who collaborated on the Mental Spinach pocketbook to “nourish you in love, work and play”. They aim to inspire others to reflect on their values, desires, strengths and opportunities to navigate big decisions and design a rich and sustainable life. Listen, as they bring together different generational perspectives and tell stories that reveal practical takeaways on enriching your life.SHOW NOTESEpisode 1 of Mental Spinach - No more flying blind - the art of self-awarenesshttps://www.spreaker.com/user/10037734/mental-spinach-no-more-flying-blind-the-Mental Spinach Bookhttps://www.mentalspinach.com- For the Pollards, Mental Spinach is not just a book. It's a project. They want their book to have a tangible impact on the lives of its readers. Further, they aim to positively impact the education and lives of children and young adults by donating to charity every dollar you spend on their book or workshops/keynotes.- In 2018, the Pollards raised over $15,000 for education charities.About the Pollardshttps://www.jessandianpollard.com/about-usAbout Martin Mulcarehttp://www.betterbennelong.com.au/about-martin/Audio clips used (With fair use)"I Should Be So Lucky"Artist: Kylie MinogueAlbum: Kylie© Mushroom© PWLPopeye the Sailor © King Features SyndicateBased on Popeye, created by E.C Segar© Warner Bros. About the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

Apr 8, 2019 • 15min
The Dialogue - Social Condition Report
Public Policy Advisor at the Actuaries Institute, John McLenaghan interviews Ian Laughlin and Hadyn Bernau on their thought leadership paper "the dialogue - social condition report".They reflect on the impacts and fallouts of the royal commission, financial services enquiries and how a social condition report can help identify future social risks that were previously not taken into account.TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=eb437683-2d14-483f-97a9-4b2a1db36c76About the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

Apr 5, 2019 • 19min
Mental Spinach | No more flying blind - the art of self-awareness
TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=b22fc111-456f-472b-be5d-c12d447cc3b2DESCRIPTIONIn part one of this four-part series, Martin Mulcare (Actuary, Director at the Growth Project and Facilitator of the Professionalism Course at the Actuaries Institute) interviews Ian and Jess Pollard, on their co-authored book Mental Spinach.Ian is an actuary, Rhodes Scholar, international tennis player and currently the chairman of RGA Reinsurance Australia. Jess is a career and creativity coach and a professional singer/songwriter. They are father and daughter; a self-described ‘Yin and Yang’ duo, who collaborated on the Mental Spinach pocketbook to “nourish you in love, work and play”. They aim to inspire others to reflect on their values, desires, strengths and opportunities to navigate big decisions and design a rich and sustainable life. Listen, as they bring together different generational perspectives and tell stories that reveal practical takeaways on enriching your life.Discussion topics include:•The first of the four lenses is “Identity” – what’s it all about? •Your Tripod of Foundation: Personal - Social – Financial.•The importance of language in reframing your story and identity?•What are some daily practices to enhance self-awareness?•How do we fit other people into our personal search for identity?SHOW NOTESMental Spinach Bookhttps://www.mentalspinach.com- For the Pollards, Mental Spinach is not just a book. It's a project. They want their book to have a tangible impact on the lives of its readers. Further, they aim to positively impact the education and lives of children and young adults by donating to charity every dollar you spend on their book or workshops/keynotes.- In 2018, the Pollards raised over $15,000 for education charities.About the Pollardshttps://www.jessandianpollard.com/about-usAbout Martin Mulcarehttp://www.betterbennelong.com.au/about-martin/Article - The value of aligning values by Martin Mulcarehttps://www.actuaries.digital/2015/04/24/the-value-of-aligning-values/Investing In Your Life – Ian Pollardhttp://www.investing-in-your-life.com/Audio clips used (With fair use)The Who - Who Are You© The WhoPolydor 2121 361 (UK)MCA (US)Popeye the Sailor © King Features SyndicateBased on Popeye, created by E.C Segar© Warner Bros. About the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

Mar 7, 2019 • 21min
Inside Asia - Matthew Maguire & David Whittle on General Insurance
Transcripthttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=7df02de6-bf3d-481c-97f5-1ffe50a39af4David Whittle (Principal at Deloitte, Councillor of Actuaries Institute) and Matthew Maguire (Partner at NMG Financial Services Consulting, President of the Singapore Actuarial Society) discuss the General Insurance market in Asia.Discussion questions include;- What are the catastrophe risks within General Insurance and reinsurance in Asia?- What are the key considerations for insurers in Asia?- What are the insurance regulations in Asia and how has it unfolded?- Are capital requirements and accounting standards different in Asia compared to Australia? what are the characteristics of each?- How are actuaries in Singapore and the wider Asia area getting involved in Data Analytics?- How would you characterise pricing of insurance in terms of it's simplicity or complexity?- What is the future of actuaries and the profession in Asia?- What are the differences between the work an actuary does in Asia compared to Australia?About the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

Feb 15, 2019 • 21min
Gender Diversity in the Workplace - (Diversity and Inclusion)
Ashish Ahluwalia (Principal at Finity Consulting and member of the Diversity and Inclusion Working Group) interviews Nicolette Rubinsztein, the 2019 President of the Actuaries Institute on her life, career and experiences with gender diversity in the workplace.Nicolette is committed to increasing focus on diversity in the workplace alongside the Institute's Diversity and Inclusion Working Group (DIWG)Find out more: https://actuaries.asn.au/about-us/governance/committees/all-committees/members?ID=ZNjqeCg7c0U%3d Nicolette will be facilitating the 2019 CPD Tour in Sydney, Melbourne, Perth and Brisbanehttps://actuaries.asn.au/microsites/2019-CPD-Tour/What does the Royal Commission mean for you as an actuary and what should you do differently in future? As an actuary working in the modern business environment affected by corporate culture, media pressure and societal issues, how can you as a professional effectively deal with ethical dilemmas?The upcoming CPD Tour is not to be missed as we bring you experts on governance, regulation and your professional duties. This tour has been designed to cater for all members working in traditional/ non-traditional roles and management positions. It is our opportunity to learn from past events and strengthen our profession.We will discuss learnings and case studies from the Royal Commission and share the perspectives of Royal Commission witnesses and the regulator. Follow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ Instagram: https://www.instagram.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstitutehttps://www.actuaries.asn.auhttps://www.actuaries.digital

Jan 24, 2019 • 18min
Insurtech Australia - Interview with CEO Simon O'Dell
Partner at Oliver Wyman and Chief Editor of Actuaries Digital, Angat Sandhu interviews Simon O’Dell, CEO of InsurTech Australia to discuss how the Insurance industry is facing disruption by a new wave of insurtechs and startups.Show Notes:Fast Five with Fintechs: https://www.actuaries.digital/?s=fast+fiveInsurtech articles: https://www.actuaries.digital/?s=insurtechFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ Instagram: https://www.instagram.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstitutehttps://www.actuaries.asn.auhttps://www.actuaries.digital